US EditionOil Jumps as Iran Clock Ticks Toward Zero
Oil prices declined modestly as U.S.-Iran talks extended into next week, easing immediate conflict risks; WTI fell 0.32% and Brent dropped 0.14%, analysts said.
- On Thursday, WTI futures settled down 21 cents or 0.32% to $65.21 and Brent crude futures fell 10 cents to $70.75 after a choppy session as investors tracked indirect U.S.–Iran talks in Geneva.
- Media reported talks briefly stalled over U.S. demands on zero enrichment and delivery of all 60% enriched uranium, while Oman Foreign Minister Sayyid Badr Albusaidi said significant progress was made and Iranian Foreign Minister Abbas Araqchi said talks will continue next week.
- Ongoing developments during Thursday's session drove whipsaw moves in crude futures, with traders describing the moves as sentiment-driven rather than structural, removing a geopolitical risk premium.
- Extending the talks into next week, Janiv Shah, vice president of oil analytics at Rystad Energy, said prices retreated after the two countries eased immediate strike risks despite Tuesday’s Gulf Coast storm.
- Fundamentally nothing has changed: supply is still long, OPEC+ may add barrels in April, and Iran is front-loading exports, while traders had largely priced out fears of disruption through the Strait of Hormuz.
17 Articles
17 Articles
Oil Jumps as Iran Clock Ticks Toward Zero
Oil ends the month on a firm footing as Iran tensions simmer, but muted attention on the upcoming OPEC+ meeting could set the stage for an unexpected production hike. Friday, February 27, 2026 Oil prices are finishing February on a high note, with the month’s last traded week posting a $1 per barrel gain as US-Iran tensions are mounting. Indirect talks held between Washington and Tehran this week in Geneva yielded no results, and Trump’s ’10- to…
In the recent round of nuclear talks, the US and Iran "have made significant progress" according to the intermediary Oman. Technical talks are planned in Vienna next week. If they take place, details of a possible deal should be negotiated. Against the backdrop of a US threat scenario – US President Donald Trump has ordered the largest advance of US air forces in the region since the Iraq war in 2003 – Washington and Tehran are negotiating the M…
WTI Oil Pulls Back from Its 2026 High - ActionForex
As the XTI/USD chart shows, the price of a barrel: → set fresh 2026 highs above $67 earlier this week; → but yesterday posted a sharp reversal lower (as indicated by the blue arrow). The spike in volatility was driven by conflicting reports from Geneva, where talks between the United States and Iran were taking […] The post WTI Oil Pulls Back from Its 2026 High appeared first on ActionForex.
Brent $72, WTI $67 Between War Risk And $60 Targets
Oil Price Map: WTI CL=F And Brent BZ=F Between Surplus Models And War Risk Spot Levels For Oil, WTI CL=F And Brent BZ=F After The Latest 1% Pullback WTI CL=F is trading near $67.07, having faded from an earlier move that took it down to roughly $65.75. Brent BZ=F sits around $72.34 after slipping from about $71.03. The pullback is modest – roughly 1% – and follows a strong run driven by US–Iran tension. The key point is simple: spot is holding i…
WTI Oil Pulls Back from Its 2026 High
As the XTI/USD chart shows, the price of a barrel:→ set fresh 2026 highs above $67 earlier this week;→ but yesterday posted a sharp reversal lower (as indicated by the blue arrow).The spike in volatility was driven by conflicting reports from Geneva, where talks between the United States and Iran were taking place:→ some sources suggested negotiations had reached an impasse, as Washington insists on a complete halt to uranium enrichment;→ meanwh…
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